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Problem 11-6 NPV Your division is considering two projects with the following ca

ID: 2797774 • Letter: P

Question

Problem 11-6
NPV

Your division is considering two projects with the following cash flows (in millions):

What are the projects' NPVs assuming the WACC is 5%? Round your answer to two decimal places. Do not round your intermediate calculations. Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative value should be indicated by a minus sign.
Project A    $____ million
Project B    $ _____ million

What are the projects' NPVs assuming the WACC is 10%? Round your answer to two decimal places. Do not round your intermediate calculations. Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative value should be indicated by a minus sign.
Project A    $____ million
Project B    $________ million

What are the projects' NPVs assuming the WACC is 15%? Round your answer to two decimal places. Do not round your intermediate calculations. Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative value should be indicated by a minus sign.
Project A    $ ___ million
Project B    $ ___ million

What are the projects' IRRs assuming the WACC is 5%? Round your answer to two decimal places. Do not round your intermediate calculations.
Project A ____ %
Project B ____ %

What are the projects' IRRs assuming the WACC is 10%? Round your answer to two decimal places. Do not round your intermediate calculations.
Project A ____ %
Project B   ____%

What are the projects' IRRs assuming the WACC is 15%? Round your answer to two decimal places. Do not round your intermediate calculations.
Project A ___ %
Project B   ___%

If the WACC were 5% and A and B were mutually exclusive, which would you choose? (Hint: The crossover rate is 3.86%.)

Proect A/ Proect B /Neither / Both

If the WACC were 10% and A and B were mutually exclusive, which would you choose? (Hint: The crossover rate is 3.86%.)

Proect A/ Proect B /Neither / Both

If the WACC were 15% and A and B were mutually exclusive, which would you choose? (Hint: The crossover rate is 3.86%.)

Proect A/ Proect B /Neither / Both

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Explanation / Answer

1)

What are the projects' NPVs assuming the WACC is 5%

Project A=-20/1.05^0+5/1.05^1+9/1.05^2+12/1.05^3=3.29 million

Project B=-13/1.05^0+8/1.05^1+7/1.05^2+3/1.05^3=3.56 million

2)

What are the projects' NPVs assuming the WACC is 10%

Project A=-20/1.10^0+5/1.10^1+9/1.10^2+12/1.10^3=1.00 million

Project B=-13/1.10^0+8/1.10^1+7/1.10^2+3/1.10^3=2.31 million

3)

What are the projects' NPVs assuming the WACC is 15%

Project A=-20/1.15^0+5/1.15^1+9/1.15^2+12/1.15^3=-0.96 million

Project B=-13/1.15^0+8/1.15^1+7/1.15^2+3/1.15^3=1.22 million

the above are answer

please not that we only do one complete part as per Chegg rule.